Recently, Merlin Group forayed into Pune with a focus on commercial and residential projects. Headquartered in West Bengal, the company also has units in Ahmedabad, Raipur, Chennai and Colombo. Saket Mohta, Managing Director, Merlin Group, shares more on the company’s plans and investments in Pune, its approach towards adopting the latest technology and skilling, expansion plans and more….
Tell us more about your recent announcement of investment of Rs 2,000 crore in Pune.
We will be investing Rs 2,000 crore in Pune in the next five years towards a number of commercial and residential projects. We have launched a boutique tower with offices and retail as a commercial project named Project 18 East in Koregaon Park Annexe, the business hub of Pune. We have acquired the development rights in a large parcel of land in Baner and have completed the planning of about 4 lakh sq ft of office spaces in upcoming projects and about 4.5 lakh residential area. We are working on developments with a mix of mid-segment and premium projects. Our next projects are coming up in the Wakar, Baner and Jambulwari areas. In Wakar, we will set up a mid-segment residential project of around 1.5 million sq ft with high street retail. In Baner, it will be a mix of A-grade commercial spaces and a premium residential project. In Jambulwadi, we are contemplating budget residential development.
